Tuesday, February 22, 2022

Major Grain-CADUSD-Trends.Trading.Targets-Feb22/2022-Tues

MARKETS PRICE-SUPPLY/DEMAND-TRADING VOLATILITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-UP 5.65MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: HIGHER-(300.2-776.6)
TRADING: UP/STEEP-MORE VOLATILITY-NEAR RESISTANCE@682-CLOSE UP-BUYING. 
TARGETS: 631(656-682)708)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP/YEARLY-OPEN INTEREST: UP-VOLUME: HIGHER-(844-1667.4).
TRADING: UP/STEEP-MORE VOLATILITY-ON TREND-CLOSE ABOVE 1626-BUYING. 
TARGETS: (1586(1626-1666)1708)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 9.71MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: HIGHER-(387-874.6). 
TRADING: UP-MUCH MORE VOLATILITY-ON/UPSIDE TREND-CLOSE UP ABOVE 845-BUYING.
TARGETS: 816(845-875)905-COMMERCIAL/FLAT LONG-NON COMM/FLAT SHORT.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: DOWN -VOLUME: UP/DAY
-(8321-6820)
TRADING: LOWER-LESS VOLATILITY-BELOW TREND/7875-CLOSE FLAT-OFFSET.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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